Hana

Hana Network is positioning itself as a critical infrastructure layer for the next iteration of the web, often referred to as Web4. Founded in 2022 by Kohei Hanasaka, the Dubai-based company is developing a Layer-1 blockchain that prioritizes user privacy and simplifies cross-chain interactions. The firm has secured a total of $6 million in funding from notable investors including OrangeDAO, Alliance DAO, and SushiSwap, indicating confidence in its approach to tackling blockchain's complexity.

The core of Hana Network's strategy is to abstract away the technical complexities of blockchain for the end-user. It operates on a Proof-of-Stake (PoS) consensus mechanism using the Cosmos SDK and Tendermint, which allows for high scalability and interoperability. This architecture enables Hana to function as an omnichain protocol, connecting disparate networks like Ethereum, Bitcoin, and others, allowing for seamless asset transfers without users needing to switch between different blockchain environments. The company's business model revolves around its 'Hypercasual Finance' concept, which aims to make cryptocurrency accessible and engaging through gamified social finance applications, social tipping, and peer-to-peer funding. This approach targets a broad user base, from casual users to crypto natives, by providing a mobile-first, interactive experience.

Hana Network's product suite is designed to facilitate easy entry into the crypto ecosystem. A key offering is the Hana Gateway, a trustless on/off-ramp that allows users to transact between fiat currencies and crypto assets without undergoing KYC (Know Your Customer) procedures. This is achieved through the use of zk-SNARKs and Threshold Signature Schemes (TSS), which ensure transaction privacy and security. Another significant product is 'Hanafuda,' a card-based game that represents the first phase of its mainnet, which has already attracted a substantial user base and total value locked (TVL). The network also provides a Software Development Kit (SDK) for developers to integrate Hana's privacy and cross-chain features into their own decentralized applications (dApps) and wallets. By focusing on a simplified user experience and regulatory-compliant privacy features, Hana Network aims to bridge the gap between traditional finance and the decentralized web.

Keywords: Hana Network, Layer-1 blockchain, Web4, Kohei Hanasaka, privacy-preserving, cross-chain bridge, Cosmos SDK, Hypercasual Finance, social finance, omnichain, Hana Gateway, trustless on/off-ramp, zk-SNARKs, Threshold Signature Scheme, Hanafuda, decentralized finance, crypto accessibility, blockchain infrastructure, peer-to-peer funding, SocialFi